Senior Associate Underwriter

2 weeks ago


London, Greater London, United Kingdom The Travelers Companies, Inc. Full time
About the Role

We are seeking a highly skilled and experienced Senior Associate Underwriter to join our Management Liability team. As a key member of our team, you will be responsible for producing and underwriting new and renewal business from assigned brokers in accordance with underwriting authority.

Key Responsibilities
  • Produce and underwrite new and renewal business from assigned brokers in accordance with underwriting authority.
  • Assist the wider underwriting team in producing and underwriting new and renewal business.
  • Make sound underwriting decisions through the life cycle of the policy.
  • Provide support in consistently achieving financial plan (premium, loss ratio, retention, commissions, pricing, new business, and expense management) through superior service, business retention and responsiveness to new business submissions.
  • Interact and collaborate with the team, Regional Underwriting Offices, Market Segment Colleagues and other critical internal/external business associates.
  • Underwrite, service, and sales.
What We Offer
  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Requirements
  • University degree preferred.
  • Working knowledge of the local insurance marketplace.
  • Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
  • General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.
  • Basic knowledge of internal and external factors that impact the Lloyds Market preferred.
  • Basic Product/Technical proficiency commensurate to his/her underwriting authority.
  • Demonstrates basic ability in the areas of customer focus and positive broker interaction.
  • Basic analytical thinking/financial acumen.
  • Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
  • Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
  • Intermediate relationship management.
  • Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
  • Chartered Insurance Institute (CII) Certification preferred.
Must Have
  • Previous experience of underwriting in management liability/professional indemnity/financial institutions required.
About Us

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.



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